Inspire Investing LLC Reduces Holdings in PAR Technology Co. (NYSE:PAR)

Inspire Investing LLC reduced its stake in PAR Technology Co. (NYSE:PAR) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,481 shares of the software maker’s stock after selling 490 shares during the quarter. Inspire Investing LLC’s holdings in PAR Technology were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of PAR Technology by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 215,699 shares of the software maker’s stock worth $9,392,000 after buying an additional 5,143 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in PAR Technology by 9.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 565,043 shares of the software maker’s stock worth $24,602,000 after acquiring an additional 47,405 shares during the period. TD Asset Management Inc grew its stake in PAR Technology by 3.4% during the 4th quarter. TD Asset Management Inc now owns 115,324 shares of the software maker’s stock valued at $5,021,000 after purchasing an additional 3,800 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of PAR Technology in the fourth quarter valued at about $381,000. Finally, CenterBook Partners LP increased its holdings in shares of PAR Technology by 6.5% in the fourth quarter. CenterBook Partners LP now owns 40,950 shares of the software maker’s stock valued at $1,783,000 after purchasing an additional 2,502 shares during the period.

PAR Technology Stock Down 2.0 %

Shares of PAR opened at $56.04 on Monday. The stock has a 50 day moving average price of $52.74 and a 200 day moving average price of $47.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -21.81 and a beta of 2.17. PAR Technology Co. has a one year low of $28.21 and a one year high of $58.57.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The company had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $115.14 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. PAR Technology’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.65) earnings per share. Equities research analysts forecast that PAR Technology Co. will post -1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PAR has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on PAR Technology from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research note on Wednesday, September 18th. Stephens raised shares of PAR Technology from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $46.00 to $60.00 in a report on Thursday, June 13th. Benchmark reiterated a “buy” rating and set a $69.00 price objective on shares of PAR Technology in a research note on Friday, August 9th. Finally, Needham & Company LLC upped their target price on PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PAR Technology has an average rating of “Moderate Buy” and a consensus price target of $58.00.

About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.